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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (8251)	5/31/2001 12:21:23 AM
From: TechTrader42	Respond to of 52237

That's a very interesting chart of the Nasdaq 100 (NDX), Chris. That seems to highlight the indecision right now. There could be a bounce off that blue support line, but the MACD plot below is actually giving a sell signal. It's very revealing. (All your charts are revealing -- simple and elegant.) But the fact that price has broken below the red lower trendline doesn't bode well. But as I said earlier, I think it's a 50/50 proposition right now. Some appear to be expecting a bounce. Maybe wishful thinking. AMAT's chart is similarly ambiguous. While the price is at the lower Bollinger band, suggesting a possible bounce, MACD is giving a sell signal. And that lower Bollinger band is pointing down. I do think Thursday could be telling. If things plunge through support, it would suggest that prices will move to lower support levels and MACD will wend its way down. And so on and so forth. Summary: The market could go up and it could go down. Itemized bill: Technical analysis: $4. Sending fee: $40. Weekly subscription: $400. (The only way to make money with TA: selling it to others.)